PODCAST: Europe acetone, phenol and derivative chain staggers to year end, with mixed outlook for 2024
Meeta Ramnani
10-Nov-2023
LONDON (ICIS)–The Europe acetone, phenol and derivative markets are slow ahead of year end and the outlook is cautious for 2024.
Economic troubles, capacity increase in Asia and ongoing derivative import competition are likely to continue to weigh heavy on markets. Although there may be a few demand bright spots for BPA and epoxy into the downstream wind energy and marine sectors.
Europe ICIS editors Jane Gibson (acetone and phenol), Heidi Finch (bisphenol A and epoxy resins), Mathew Jolin-Beech (methyl methacrylate) and Meeta Ramnani (polycarbonate) analyse trends in the acetone, phenol and derivatives markets.
- Europe BPA and epoxy markets slow, outlook for 2024 mixed, depending on end sector, Asian competition to weigh
- Low phenol and acetone operating rates keep acetone balanced, with no signs of phenol demand improvement
- European PC market imbalanced, global capacities way above consumption
- Europe MMA market subdued with persistent weak demand that is expected to last into 2024
Podcast editing by Meeta Ramnani
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